Browsing: Finance

Africa loses $88.6 billion annually to illicit financial flows (IFFs), a new report shows. The Illicit Financial Flows in Africa—which…...

Listed lender Stanbic Bank has cut a deal with Kenya’s criminal investigations body to stop the police from looking into…...

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The Nairobi Securities Exchange (NSE) among other East African stock markets suffered losses on new United States tariffs imposed in…...

Kenya’s Treasury will force virtual currency exchanges and wallet providers to disclose cryptocurrency owners, if Members of Parliament (MPs) approve…...

Kenya’s trade with the United States was dealt a blow after President Donald Trump signed a new executive order imposing…...

Ecobank Kenya has raised its capital base to $65 million after injecting $27 million in fresh capital that will support…...

In 2024, Sanlam Morocco delivers a solid financial performance, marked by a notable improvement in profitability. Net income increased by…...

In an unexpected overnight decision, Tunisian President Kaïs Saïed has dismissed Prime Minister Kamel Madouri, who had been appointed in…...

The Arab Bank for Economic Development in Africa (BADEA) has successfully completed its issuance of a 750 million euro bond…...

The digitalization of legal services in Tunisia is a key driver for modernizing administration, streamlining procedures, and enhancing transparency. By…

Equator, a climate venture capital firm has closed a $55 million fund focused on supporting environment-tech startups in sub-Saharan Africa…...

Cape Town, February 28, 2025 – The ECOWAS Bank for Investment and Development (EBID), the European Investment Bank (EIB), with…

Kenya has raised $1.5 billion from creditors in the latest Eurobond sale to help clear its public debt stock.Citigroup Inc.…

Uganda is considering a lower budget for the 2025–2026 fiscal year as technocrats attempt to strike a compromise between expenditure…

Abidjan, February 18, 2025 – Atlantique Finance (AFIN), a subsidiary of the Pan-African group Banque Centrale Populaire (BCP), has achieved a…

Kenya has deferred $682.2 million in funding expected from the International Monetary Fund (IMF) under the ninth review to the…...

Djibouti’s finance minister Mahmoud Ali Youssouf has won by majority the  African Union commission chairmanship at a summit held in…

Uganda’s central bank has held its main lending rate at 9.75 percent on Thursday, citing inflation looked contained despite uncertainties…...

The Central Bank of Kenya (CBK) has cut its benchmark lending rate for the fourth monetary policy meeting in a…...

African Trade and Investment Development Insurance (ATIDI) is eyeing entry into the Northern and Southern African countries led by Egypt,…...

The African Development Bank Group (AfDB) is exploring a new currency model that is backed by African minerals to mitigate…...

Official data from the Kenya National Bureau of Statistics (KNBS) published on Friday (31.01.25) show inflation rose from three per…...

London-based Actis has sold Java House, East Africa’s coffee chain to two private equity firms, a new notice shows.  According…...

South Sudan’s central bank has threatened to terminate Stanbic Bank’s licence in a dispute concerning millions of dollars that were…...

Kenya-based venture capital firm Purple Elephant has secured $4.5 million in seed capital, making it one of Africa’s biggest rounds…...

The World Bank has suspended its funding to Gabon once again due to payment arrears from its earlier loans. Gabon’s…...

(1 USD = 125.82200 ETB) Ethiopia inaugurated a stock exchange on Friday, January 10, 2025, marking the effective return of…...

Several companies have exited Zambia and Zimbabwe due to currency instability and challenging economic conditions. Among the latest firms to…...

Nairobi, January 10, 2025 – The Alliance for a Green Revolution in Africa (AGRA) has announced the appointment of Alice…...